Stephen Dean Young - Jan 19, 2022 Form 4 Insider Report for SouthState Corp (SSB)

Role
Chief Strategy Officer
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Stock symbol
SSB
Transactions as of
Jan 19, 2022
Transactions value $
$950,435
Form type
4
Date filed
1/19/2022, 03:32 PM
Previous filing
Jan 3, 2022
Next filing
Feb 22, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SSB Performance Share Units Award $760K +8.85K +91.11% $85.95 18.6K Jan 19, 2022 Common Stock 8.85K $85.95 Direct F1
transaction SSB Restricted Share Units Award $190K +2.21K +10.94% $85.95 22.4K Jan 19, 2022 Common Stock 2.21K $85.95 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of Performance Share Units ("PSUs") awarded on 1/19/22. The awards will vest following the 3-year performance period ending December 31, 2024. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
F2 Number of time-vested Restricted Share Units ("RSUs") awarded on 1/19/22. The awards will vest at a rate of one third on each January 1st, 2023, 2024 and 2025. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.